MetalNRG PLC Update on legal proceedings
18 March 2022 - 06:01PM
RNS Non-Regulatory
TIDMMNRG
MetalNRG PLC
18 March 2022
MetalNRG plc
Further update on legal proceedings against Brit Energy Holdings
LLP, Pierpaolo Rocco and BritNRG Limited
MetalNRG plc ("MNRG" or the "Company") takes this opportunity to
announce a further update in respect of the civil legal proceedings
in the English High Court (the "Court") against Brit Energy
Holdings LLP (the "LLP"), Pierpaolo Rocco and BritNRG Limited
(together, the "Defendants") for, inter alia, a declaration
supporting the valid recission of certain agreements and the
recovery from the Defendants of monies paid to the LLP in 2021.
On 24 February 2022, the Defendants asked for an extension to
the deadline for the filing of defences until Friday, 18 March
2022. This is the maximum extension capable of being agreed between
the parties to the proceedings without an application being made to
the Court.
Despite MNRG agreeing to an extension to 18 March 2022, the
Defendants have now sought a further extension to Tuesday, 22 March
2022, for which they will need to make an application to the Court
(at their expense).
MNRG remains focused on receipt of the defences in this case and
has accordingly consented to the Defendants making the application
for a further extension.
The Company will provide further updates on these issues and the
legal proceedings as appropriate.
Contact details:
MetalNRG PLC
Rolf Gerritsen
Christopher Latilla-Campbell +44 (0) 20 7796 9060
Corporate Broker
PETERHOUSE CAPITAL LIMITED
Lucy Williams/Duncan Vasey +44 (0) 20 7469 0930
----------------------
Corporate Broker
SI CAPITAL LIMITED
Nick Emerson +44 (0) 1483 413500
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